The offering was in response to investment demand following $3 billion raised earlier this month in two private placement rounds.
The U.S. government shutdown hampered sales in October and November, but the company expects continued acceleration in its current December-February quarter.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
HD provided details on GMS’ early returns upon its September acquisition, as well as longer-term results and outlook for SRS alongside broader Pro performance.
Comprised essentially entirely of legacy Beacon, top-line sales narrowly trailed those of a year earlier, while adjusted EBITDA margin improved sequentially.
It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
The exterior doors, windows and other building products maker and distributor will cut about 850 jobs in North America as it looks to simplify its portfolio.
Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
DSG delivered solid organic expansion in its MRO and OEM sectors, while recent acquisitions continue to deliver on top-line growth.
Builders FirstSource’s third quarter reflected another sharp sales and earnings decline amid soft single-family starts and commodity pressure.
Reported and organic sales growth were robust in Q3, though gross margin and EBITDA margin had modest declines year-over-year.
Double-digit pricing actions continue to offset lower shipments of HVAC equipment that uses newly-mandated A2L refrigerants.
